Cryptocurrency End of Day Recap
Jul 24, 2018
- The Securities and Exchange Commission (SEC) has come to the conclusion that they need more time for the consideration of five Bitcoin ETF proposals. Direxion Investments submitted the proposals back in January. The SEC stated that they will announce their decision to either approve or deny the proposal on September 21, 2018. CBOE Global Markets also sent the SEC an ETF proposal last month that is also expected to be postponed.
- The Chinese mountain region of Xinjiang Uyghur is known for its vast areas of land and abundant electricity: key elements for Bitcoin (BTC) mining. However, the local authorities of Xinjiang have announced their plan to shut down all illegal mining operations by August 30,2018. Illegal mining operations are those that fail to comply to registration, tax, social security, and other laws.
- Singapore Airlines has launched its own digital-asset wallet, called KrisPay, and will integrate it with its current loyalty program KrisFlyer. Singapore Airlines worked closely with Microsoft and KPMG’s Digital Village to develop KrisPay, available on Apple and Android app stores. The wallet allows frequent flyers to accumulate their ‘KrisPay miles’ and spend them with 18 specified merchants via a QR code.
- PricewaterhouseCoopers Switzerland has announced that it will audit The Tezos Foundation, a blockchain network launched in June. PwC will be auditing the network’s finances and operations and will show the Tezos community how trustworthy the network is with its finances. The Tezos Foundation said in a press release that this is the first instance of a sizeable blockchain platform being externally audited by a Big Four firm.